Atlantis Internet Group ( PINK:ATIG), company engaged in online gambling, retreated 44% with unusual volumes without any specific news.
Earlier we have discussed about the bill to legalize online gambling, for which federal votes due in late april. Some of these small cap online gambling stocks have started an uptrend with unusual high volumes. Stock of Atlantis Internet Group has logged more than 1000% gain in last 5 trading sessions, today it has loose some of its gain and down 40%. This move of the stock is just profit booking with out any news flow as of now. It has started recovering and recovered fully now. New positions are not advisable before any news announcements. For detail of the story read here
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